Deutsche Telekom this week launched a virtual marketplace for trading in data – the Telekom Data Intelligence Hub.
The Data Intelligence Hub (or DIH) acts as a centralized platform to offer a holistic overview of the data available for free or for sale on the market. At the same time, it also offers a variety of analytical tools to enable users to process data using such methods as “machine learning” and “artificial intelligence”, for example.
In this way, enterprises can optimize their own internal processes with the help of data freely available on the market. This can help them avoid production hold-ups and unnecessary costs due to wait times and wasteful warehousing of stock, for example.
An example from the logistics sector Worldwide, about one third of all deliveries arrive later than originally planned. Foodstuffs, for example, often reach their destination spoiled. When tracking a delivery, it is known where the shipment was loaded and more or less where it should be at the moment. What is unknown is whether, when, why and precisely where a delivery becomes delayed. Such data are missing from the process chain. But it is precisely this sort of information that would allow one to take countermeasures in real time. Only in this way can businesses reduce wait times and storage costs, and make reliable plans.
And these data are in fact available, but spread over a number of locations. And the DIH can be used to obtain data, to analyze them and to merge them into one’s own data in a consistent manner.
The Data Intelligence Hub was developed using technology of partners as Cloudera and was implemented by Ultra Tendency. As a data marketplace, it makes its living from the wide variety of companies that participate in it. Aside from publicly available data (open data), IBM, for example, also provides weather data from weather.com and Motionlogic provides in-depth analysis of traffic and movement flows. KPMG, Detecon and T-Systems Multimedia Solutions advise customers from a wide variety of sectors, including the public, healthcare and finance sectors as well as the transport, logistics and automotive industries on the implementation of their projects using the DIH.
